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$LPT Oversold bounce setup? Maybe time to dip a toe in 👀
Price has been grinding down but just had a little 6.4% pop with volume jumping to 7.45M in the last 24h – way higher than usual. That kind of volume on an up move usually means some real buyers are showing up, but I want to see if it sticks.
Capital flow is the interesting part:
- Contracts are getting solid inflows across the board (+1.69M in 24h alone). Leveraged traders are clearly betting on upside.
- Spot though? Still leaking a bit (-243k). So we've got this classic divergence – futures bulls loading up while spot holders are cautious or selling.
*My read
$LPT : Cautiously long, but purely speculative. The chart's screaming oversold (RSI, KDJ, Bolli %B all extreme), funding rate has some arb potential, and those contract flows look promising. Could be a nice counter-trend bounce, but the bigger trend is still bearish, so small size only.
*How I'm planning to play it:
- Wait for a pullback to 2.95–3.00 USDT – that's my comfort zone near support.
- Stop-loss: Around 2.82 USDT if we break that, setup's dead and probably heads to 2.50.
- Targets
$LPT : 3.35–3.50 USDT upside if it runs
Anyone else watching LPT? Bounce or more downside? Let's hear it!
#lpt #lptusdt #Livepeer